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United States Rep. Sheila Jackson Lee (D-TX 18th District) says the United States needs to raise its debt limit so as to allow it continue to reach out developing countries especially in Africa.

In an exclusive interview with MACTV, the Congresswoman who represents Texas in Congress said that both parties need to agree on bipartisan basis so as not to put the world’s largest economy at risk of default and downgrade of its status. She told MACTV if the U.S. default of its obligations to raised the debt ceiling limit it will have major impact on the crises facing drought stuck Horn of Africa where hundreds of thousands of people risk starving to death.

According to Jackson, due to the inability for both parties to agree the global markets have been negatively affected with the Dow Jones dropping over 200 points, just as Asian markets have also recorded dramatic drop.

This, she pointed out is not good not only to the developed markets,but most especially for the developing markets that leverage on the growth indices of the advanced markets.

The Congresswoman told MACTV that instead of an opportunity for both parties to unite and move the economy, she is rather shocked to hear individuals saying no surrender, a language she said, is not appropriate for the American people.

Commenting on the activities of the tea party, the Congresswoman said it is unfortunate that they are trying to play game with the nation’s economy saying that will precipitate a global financial crisis which no one needs at a time like now.

July 30, 2011 10:22:08 PM

WASHINGTON, July 30 (Reuters) - U.S. Republicans and Democrats are not close to a deal to raise the debt ceiling despite what Republican leaders may say, Senate Democratic Leader Harry Reid said on Saturday.

"It's fair to say that the engagement there is not in any meaningful way," Reid said on the Senate floor shortly after returning from a meeting with President Barack Obama. "Republican leaders still refuse to negotiate in good faith."

LIBOI, Kenya, July 29 - The whole of drought- and conflict-wracked southern Somalia is heading into famine as the Horn of Africa food crisis deepens, the United Nations said on Friday.

In a report for countries sending aid, the U.N.'s umbrella humanitarian agency OCHA said the "crisis in southern Somalia is expected to continue to worsen through 2011, with all areas of the south slipping into famine."

(Reuters) - Senate Democrats aimed to seize the initiative in efforts to head off a ruinous U.S. debt default by pushing their deficit-cutting plan on Saturday towards a possible compromise with a divided Republican Party.

Entrenched differences were still hampering a compromise as Democratic leaders accused their Republican counterparts of obstructionism, less than 100 hours before the government says it will run out of money to pay all its bills.

(Reuters) - The U.S. economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a standoff over the nation's debt does not end quickly.

Output increased at a 1.3 percent annual pace in the second quarter as consumer spending barely rose, the Commerce Department said on Friday. In the first three months of the year, the economy advanced just 0.4 percent, a sharp downward revision from the previously reported 1.9 percent gain.

(Reuters) - Here is what is happening on Friday as lawmakers scramble to close in on a deal for Congress to raise the U.S. government's $14.3 trillion borrowing limit by an August 2 deadline and avoid a debt default:

* President Barack Obama says in a televised statement that if the United States loses its AAA credit rating it won't be because the country can't pay its bills. It would be "because we didn't have an AAA political system to match our AAA credit rating." He urges the public to let lawmakers know they want a bipartisan compromise that can pass Congress.

(Reuters) - Lawmakers opened the way on Friday for a last-ditch bid for a possible bipartisan compromise to avert a crippling national default just four days before the deadline to raise the country's debt ceiling.

The Republican-controlled House of Representatives approved a Republican deficit-cutting plan and the Democratic-led Senate quickly rejected it -- moves that underscored the ideological divide but also cleared a path to start negotiating a deal.

WASHINGTON, July 28 (Reuters) - Urgent efforts to avoid an unprecedented U.S. debt default suffered a new blow on Thursday when some fiscally hardline Republicans blocked a budget deficit plan proposed by their own congressional leaders.

After hours of trying to get enough votes, the Republicans who control the House of Representatives put off action for the night and scheduled an emergency meeting for Friday morning.

The International Finance Corporation IFC, a member of the World Bank Group, says it is investing $1 million to help establish Advans Cote d’Ivoire, a microfinance institution that will support the growth of smaller businesses in Ivory Coast as the country rebuilds its economy following political unrest.

Rep. Joe Walsh, R-Ill. addresses a tea party rally on Capitol Hill in Washington Wednesday. The Chicago Sun-Times reports Thursday that Walsh's ex-wife, Laura Walsh has sued her ex-husband for more than $117,000 in what she says is unpaid child support and interest. Laura Walsh filed the claim in December in their divorce case. (AP Photo/Harry Hamburg, File)

Thursday, July 28, 2011

July 29, 2011 2:34:12 AM

WASHINGTON, July 28 (Reuters) - The U.S. House of Representatives will not votetonight on a plan to raise the debt limit as Republican leaders have struggled to line up support for the measure, Republican Representative Kevin McCarthy said on Thursday.

McCarthy and other Republican leaders had delayed the vote for more than four hours as they sought to persuade a faction of their party to change their minds.

July 28, 2011 1:51:11 PM

WASHINGTON, July 28 (Reuters) - The U.S. House of Representatives is tentatively scheduled to vote between 5:45 p.m. and 6:15 p.m EDT (2145-2215 GMT) on Thursday on a proposal to cut the deficit and raise the debt limit by $900 billion, a congressional aide said.

The proposal by House Speaker John Boehner, the top Republican in Congress, is seen facing a close vote and its chances appear too close to call despite his fierce lobbying efforts over the past few days.
Aides said the scheduled vote time was subject to change.

Force Commanders of the United Nations Peacekeeping Operations, following their address in the Security Council.

Participants will be: General Niamvumba from the African Union/United Nations Hybrid operation in Darfur (UNAMID), General Prakash from the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO) and Major-General Alberto Asarta Cuevas from the United Nations Interim Force in Lebanon (UNIFIL).

Although viral hepatitis is one of the most prevalent, serious infectious conditions in the world, many people remain unaware of its staggering toll on human health. It is an issue in every country and among every age group. Nearly one out of every three people in the world (approximately 2 billion people) has been infected by hepatitis B virus, and one in twelve (more than 520 million people) live with chronic hepatitis B or hepatitis C virus infection.

NEW YORK, July 24 (Reuters) - Wall Street futures fell, the
U.S. dollar dropped and gold rallied as Washington appeared no
closer on Sunday to raising the U.S. debt ceiling to avert a
devastating default.

(Reuters) - A commission tasked by Bahrain to investigate weeks of protests that rocked the Gulf island kingdom said Sunday it would look at the role of the security forces in the unrest and examine charges of torture.

At a news conference marking the launch of the five-member panel's investigation, chairman Cherif Bassiouni said his team would look at 30 police officers being investigated by the Interior Ministry for allegedly not following procedures.

(Reuters) - A senior Iranian official on Sunday blamed the United States and Israel for the killing of an Iranian scientist, who the deputy interior minister said was not linked to Iran's nuclear program as reported by media.

Darioush Rezaie, 35, a university lecturer, was shot dead by gunmen in eastern Tehran Saturday. Some media reports said Rezaie was a nuclear scientist but Deputy Interior Minister Safarali Baratlou said this was not true.

July 24, 2011 (Reuters) - Explosions rocked central Tripoli for the second night in a row and Britain said weeks of NATO bombardment had inflicted extensive damage on Muammar Gaddafi's heavily-fortified compound.

Libya's leader is clinging to power despite a four-month-old NATO air campaign and a lengthening conflict with rebels seeking an end to his 41-year rule and who have seized large swathes of the North African country.

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My Africa Channel Television (MAC.TV), is an independent, public television station. Our missions is to deliver international programming, and to provide diverse, robust African cultural perspectives to the U.S. viewer market.
We are a Pan African television network with headquarters in the Washington, D.C. Metropolitan area. We endeavor to promote the African cause globally through the creation and broadcast of events from the continent and international community.